-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Guv Pigchop hates Illinois and doesn’t care about Ukrainian village crime. He wears a man girdle to keep his massive gut under control!
It is so dangerous that even criminals are scared.
They should hire the gangs for protection, since the cops do not do it.
You have the freedom to move out of Chicago.
Either put up and move. Or shut up.
In general, that’s not going to happen with most of the responders here. The simple fact is that we LOVE to complain. Where else could we have so much fun?
Unfortunately these people are to stupid to understand that they are getting what they voted for.
Ukrainian Village residents voted for Johnson and his soft on crime crap — now they are whining? — they can can all go eat s***t and like it
Elections have consequences. Defunding and poor financial management have consequences. Not prosecuting crime has consequences. Allowing Communist to take over your schools and turning out another GERNERATION of uneducated youth has major consequences. Enjoy your cesspool!! Sorry, Not Sorry that you are scared.